Chain Bridge I (NASDAQ:CBRG) Short Interest Up 140.0% in July

Chain Bridge I (NASDAQ:CBRG) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,200 shares, a growth of 140.0% from the July 15th total of 500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 0.7 days.

Chain Bridge I Price Performance

CBRG stock remained flat at $11.28 during midday trading on Wednesday. The business has a 50 day moving average of $11.25 and a two-hundred day moving average of $11.17. Chain Bridge I has a one year low of $10.55 and a one year high of $12.49.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC boosted its holdings in Chain Bridge I by 27,172.7% in the fourth quarter. Wolverine Asset Management LLC now owns 300,000 shares of the company’s stock worth $3,255,000 after purchasing an additional 298,900 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Chain Bridge I during the 4th quarter valued at about $1,243,000. Mizuho Securities USA LLC increased its position in shares of Chain Bridge I by 80.6% during the 4th quarter. Mizuho Securities USA LLC now owns 286,812 shares of the company’s stock valued at $3,098,000 after purchasing an additional 128,012 shares during the last quarter. Finally, Berkley W R Corp boosted its holdings in shares of Chain Bridge I by 11.0% in the fourth quarter. Berkley W R Corp now owns 205,176 shares of the company’s stock worth $2,226,000 after buying an additional 20,282 shares during the last quarter. Hedge funds and other institutional investors own 46.16% of the company’s stock.

Chain Bridge I Company Profile

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.